Infrastructure Development Company Limited is a government owned specialised

non-bank financial institution A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that is not legally a bank; it does not have a full banking license or is not supervised by a national or international banking regulator ...

that finances renewable infrastructure projects in Bangladesh and is located in

Dhaka Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ...

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

. In 2016, it was awarded the United Nations Momentum for Change Award.

History

Infrastructure Development Company Limited was established on 14 May 1997 by the Government of Bangladesh. It also finances organizations who distribute solar panels in Bangladesh. The company was licensed by the Bangladesh Bank as a non-bank financial institution on 5 January 1998. Since its inception, it has played a major role in bridging the financing gap for developing medium to large-scale infrastructure and renewable energy projects in Bangladesh. The company is managed by a nine-member independent Board of Directors comprising five senior government officials, three representatives from the private sector and a full-time executive director and chief executive officer. Secretary/Senior Secretary of Economic Relations Division under the Ministry of Finance is the ex-officio chairman of the company. It has a small and multi-skilled work force comprising financial and market analysts, lawyers, engineers, IT experts, accountants and environmental and social safeguard specialists.

References

Government-owned companies of Bangladesh Infrastructure in Bangladesh Companies based in Dhaka Bangladeshi companies established in 1997 {{Bangladesh-org-stub